$ETH This wave of increases has definitely caught many friends. There are many ways to undo the lockdown, but the key or central focus is to reduce costs in any way possible, recover losses until you make a profit.
So set a profit and loss point for yourself.
1. If you are at a high point, you should stop losses immediately; on the other hand, if you are at a mid or low point, you can hold the position and observe.
2. When you are at a low point, it is not necessary to stop losses immediately. After the price stabilizes, find its support level and you can make additional purchases at the low point.
3. If you are in an upward trend, it is not necessary to stop losses immediately, be patient and hold the position.
4. If you are in a consolidation phase, it is not necessary to stop losses immediately. Wait for the price to enter a consolidation cycle at a high point, then you can stop losses or even take profits and exit.
5. If you are in a downward trend, confirm that the downward trend has formed (reaching your stop loss point), you should stop losses immediately.
6. After being caught, every time the price drops you can double your purchases, reducing the cost price (you must first find its support level)
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